Today’s Stock On Watch: Can Dte Energy Company (NYSE:DTE)’s Tomorrow be Different? The Stock Had Increase in Shorts

December 1, 2016 - By Linda Rogers   ·   0 Comments

Today's Stock On Watch: Can Dte Energy Company (NYSE:DTE)’s Tomorrow be Different? The Stock Had Increase in Shorts

The stock of Dte Energy Company (NYSE:DTE) registered an increase of 4.52% in short interest. DTE’s total short interest was 4.19M shares in December as published by FINRA. Its up 4.52% from 4.01M shares, reported previously. With 1.18M shares average volume, it will take short sellers 4 days to cover their DTE’s short positions. The short interest to Dte Energy Company’s float is 2.35%. About 887,450 shares traded hands. DTE Energy Co (NYSE:DTE) has risen 5.72% since April 28, 2016 and is uptrending. It has underperformed by 0.20% the S&P500.

DTE Energy Company is a diversified energy company. The company has a market cap of $16.30 billion. The Company’s utility activities consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). It has a 20.58 P/E ratio. The Company’s divisions include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other.

Insitutional Activity: The institutional sentiment increased to 1.48 in 2016 Q2. Its up 0.27, from 1.21 in 2016Q1. The ratio is positive, as 38 funds sold all DTE Energy Co shares owned while 148 reduced positions. 50 funds bought stakes while 175 increased positions. They now own 115.66 million shares or 3.57% less from 119.95 million shares in 2016Q1.
Livforsakringsbolaget Skandia Omsesidigt holds 0.11% or 24,752 shares in its portfolio. Synovus Financial owns 559 shares or 0% of their US portfolio. Cadence Comml Bank Na has 0.96% invested in the company for 19,688 shares. The Ohio-based Mai Mgmt has invested 0.03% in DTE Energy Co (NYSE:DTE). The Switzerland-based Credit Suisse Ag has invested 0.03% in DTE Energy Co (NYSE:DTE). Blue Bell Private Wealth Management Ltd Liability accumulated 0.02% or 377 shares. Nuveen Asset Mngmt Lc holds 0.19% or 304,233 shares in its portfolio. Caisse De Depot Et Placement Du Quebec accumulated 0.06% or 221,449 shares. Rhumbline Advisers holds 0.09% of its portfolio in DTE Energy Co (NYSE:DTE) for 297,814 shares. The California-based Churchill Management Corporation has invested 0.29% in DTE Energy Co (NYSE:DTE). Grantham Mayo Van Otterloo And Limited Liability Com reported 204,834 shares or 0.08% of all its holdings. Schwab Charles Invest Mgmt accumulated 0.07% or 525,414 shares. Barclays Public Limited holds 0.04% of its portfolio in DTE Energy Co (NYSE:DTE) for 286,553 shares. Columbia Asset last reported 3,181 shares in the company. Cohen & Steers has invested 0.1% of its portfolio in DTE Energy Co (NYSE:DTE).

Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 3 selling transactions for $3.18 million net activity. ANDERSON GERARD M sold $1.41 million worth of stock. The insider Lauer Trevor F sold 600 shares worth $54,847. $99,749 worth of DTE Energy Co (NYSE:DTE) was sold by Muschong Lisa A..

DTE Energy Co (NYSE:DTE) Ratings Coverage

Out of 4 analysts covering Dte Energy Company (NYSE:DTE), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Dte Energy Company has been the topic of 10 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Barclays Capital on Wednesday, January 13. On Monday, November 14 the stock rating was initiated by Jefferies with “Buy”. Bank of America upgraded the stock to “Buy” rating in Tuesday, November 22 report. Barclays Capital maintained DTE Energy Co (NYSE:DTE) rating on Thursday, April 7. Barclays Capital has “Overweight” rating and $97 price target. UBS maintained it with “Buy” rating and $112 target price in Thursday, September 29 report.

DTE Company Profile

DTE Energy Company (DTE Energy), incorporated on January 26, 1995, is a diversified energy company. The Company’s divisions are Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other. DTE Energy’s utility activities consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas).

More notable recent DTE Energy Co (NYSE:DTE) news were published by: Businesswire.com which released: “Fitch Rates DTE Energy Co.’s $280MM Jr Subordinated Debentures ‘BBB-‘; Outlook …” on November 28, 2016, also Prnewswire.com with their article: “DTE Energy Warns that Falling Temps Increase Carbon Monoxide Danger” published on November 23, 2016, Nasdaq.com published: “Notable ETF Inflow Detected – SPLV, D, DTE, XEL” on October 27, 2016. More interesting news about DTE Energy Co (NYSE:DTE) were released by: Prnewswire.com and their article: “DTE Energy matches $100000 in development grants for St. Clair, Harbor Beach” published on November 15, 2016 as well as Prnewswire.com‘s news article titled: “DTE Energy – joined by City of Detroit, Department of Energy – breaks ground …” with publication date: September 16, 2016.

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By Linda Rogers

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